Trade is expected to grow slightly faster in 2022 and 2023 than it did over the previous decade, according to a new report from DHL and the NYU Stern School of Business.
Many companies backed away from reshoring and nearshoring plans, leading trade to grow faster in emerging economies close to China.
Vietnam, India, and Philippines are benefitting, with Vietnam the biggest winner.
For more details, please visit the below website of CNBC. https://www.cnbc.com/2022/09/15/globalization-of-trade-isnt-ending-despite-covid-war-inflation.html
Reference: Lori Ann LaRocco, "Globalization of trade isn’t ending, despite Covid, war, inflation", CNBC, Sep 15, 2022